Market Overview:
The global orthopedics robots market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of orthopedic diseases and disorders. The equipment segment is expected to account for the largest share of the global orthopedics robots market in 2018, followed by accessories. By application, open surgery is expected to account for the largest share of the global orthopedics robots market in 2018, followed by minimal invasive surgery.
Product Definition:
Orthopedics Robots are used to help surgeons with orthopedic procedures. They are important because they can help make the surgery more precise and accurate.
Equipment:
Orthopedic robots are medical devices used to assist in the treatment of musculoskeletal injuries. They are capable of handling and performing surgical procedures with accuracy and precision. Orthopedic robots have witnessed tremendous growth over the past few years owing to increasing demand for minimally invasive surgeries, technological advancements, and growing awareness regarding its usage.
Accessories:
Orthopedic robots are medical devices used to assist in the treatment of musculoskeletal injuries. They can be used for various procedures such as total hip replacement, knee replacement, shoulder repair and others. The accessories market is a part of the medical equipment industry that caters to provide orthopedic robot accessories required during surgeries or other treatments.
Application Insights:
The minimal invasive surgery segment dominated the global orthopedics robots market in terms of revenue share in 2017. Minimal invasive surgeries are performed using various types of robotics devices such as arthroscopes, robot-assisted surgical microscopes and endoscopes, and robotic arms. The increasing adoption of these devices for knee & hip replacement procedures is expected to drive growth over the forecast period.
Knee implants held a significant share in 2017 due to factors such as rising geriatric population with osteoarthritis symptoms along with an increase in sports injuries caused due to hard landings on joints coupled with an increase in participation levels across the globe is expected to drive demand for knee implants over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, increasing healthcare expenditure, and rising awareness about orthopedic conditions. In addition, growing number of research projects by companies to improve the existing products is expected to drive regional growth over the forecast period. For instance, in May 2018, Arthrex Inc., a U.S.-based company completed a study on developing an advanced surgical platelet-rich plasma system for use with its ZEPHRO robotically assisted knee replacement system (KAJ).
Asia Pacific region is anticipated to witness lucrative CAGR during the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding available treatment options for osteoarthritis and other joint problems resulting from active lifestyle choices or aging process.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global orthopedics robots market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which offer several benefits such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of over 7% during the forecast period. This will lead to an increase in the number of orthopedic procedures performed on elderly patients, thereby driving the growth of the orthopedics robots market.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis and osteoporosis is increasing globally due to changing lifestyles and aging populations. This is leading to an increase in demand for orthopedic implants and surgical procedures, thereby propelling the growth of the orthopedics robots market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedics Robots Market Research Report
By Type
Equipment, Accessories
By Application
Open Surgery, Minimal Invasive
By Companies
Intuitive Surgical, Stryker, Restoration Robotics, Medtech S.A, Mazor Robotics, THINK Surgical, Medrobotics, TransEnterix, Intuitive Surgical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedics Robots Market Report Segments:
The global Orthopedics Robots market is segmented on the basis of:
Types
Equipment, Accessories
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Open Surgery, Minimal Invasive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intuitive Surgical
- Stryker
- Restoration Robotics
- Medtech S.A
- Mazor Robotics
- THINK Surgical
- Medrobotics
- TransEnterix
- Intuitive Surgical
Highlights of The Orthopedics Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Equipment
- Accessories
- By Application:
- Open Surgery
- Minimal Invasive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedics Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedics Robots are medical devices that help surgeons perform surgery more accurately and efficiently. Orthopedic robots can assist in the placement of screws, plates, and other surgical hardware; they can also help to identify and correct anatomical abnormalities.
Some of the major players in the orthopedics robots market are Intuitive Surgical, Stryker, Restoration Robotics, Medtech S.A, Mazor Robotics, THINK Surgical, Medrobotics, TransEnterix, Intuitive Surgical.
The orthopedics robots market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedics Robots Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Orthopedics Robots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedics Robots Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Orthopedics Robots Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Orthopedics Robots Market Size & Forecast, 2020-2028
4.5.1 Orthopedics Robots Market Size and Y-o-Y Growth
4.5.2 Orthopedics Robots Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Equipment
5.2.2 Accessories
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Open Surgery
6.2.2 Minimal Invasive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedics Robots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Orthopedics Robots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Equipment
9.6.2 Accessories
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Open Surgery
9.10.2 Minimal Invasive
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Equipment
10.6.2 Accessories
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Open Surgery
10.10.2 Minimal Invasive
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Equipment
11.6.2 Accessories
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Open Surgery
11.10.2 Minimal Invasive
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Equipment
12.6.2 Accessories
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Open Surgery
12.10.2 Minimal Invasive
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Equipment
13.6.2 Accessories
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Open Surgery
13.10.2 Minimal Invasive
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Orthopedics Robots Market: Competitive Dashboard
14.2 Global Orthopedics Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intuitive Surgical
14.3.2 Stryker
14.3.3 Restoration Robotics
14.3.4 Medtech S.A
14.3.5 Mazor Robotics
14.3.6 THINK Surgical
14.3.7 Medrobotics
14.3.8 TransEnterix
14.3.9 Intuitive Surgical
